IMF Governance and Health
نویسنده
چکیده
The following is a summary of the accompanying paper, A High Price to Pay: IMF Governance, Management of Developing Country Financial Crises, and Health Impacts, to which readers are referred for full details and supporting argumentation. The paper also includes discussion of possible counter-arguments to democratic reform of the IMF, and the historical context of IMF governance, which are omitted from this summary in the interests of brevity.
منابع مشابه
IMF Governance, Management of Developing Country Financial Crises, and Health Impacts
As financial globalisation has proceeded since 1980, economic performance and living conditions in the developing world have been shaped more and more by international financial markets and official financing flows. These in turn are a product of the global financial system, which is largely shaped by decisions taken in the IMF. At the national level, economic and social policies are both influ...
متن کاملSocial Spending, Human Capital, and Growth in Developing Countries: Implications for Achieving the MDGs -- Emanuele Baldacci, Benedict Clements, Sanjeev Gupta,and Qiang Cui -- IMF Working Paper No. 04/217
This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. Using panel data from 120 developing countries from 1975 to 2...
متن کاملCorporate Governance, Crony Capitalism and Economic Crises: Should the Us Business Model
This paper considers the Greenspan/Summers/IMF (GSI) argument that the Asian way of doing business was the deep cause of the Asian crisis. The IMF reform programme for the crisis-affected Asian countries suggested they should abandon the Asian business model and adopt the US corporate model. The main findings are: a) contrary to GSI doctrine, poor corporate governance and lack of competition ar...
متن کاملDemocratizing the International Monetary Fund and the World Bank: Governance and Accountability
Much has been said about the failing policies of the International Monetary Fund (IMF). In this essay, I attempt to explain why the IMF has pursued policies that in many cases not only failed to promote the stated objectives of enhancing growth and stability, but were probably counterproductive and even flew in the face of a considerable body of theoretical and empirical work that suggested the...
متن کاملAntecedents and Outcomes
This chapter focuses on the characteristics of Turkish corporate governance regime with an emphasis on the dominant characteristics of emerging economies. In Turkey, corporate governance practices were introduced as a precondition of the International Monetary Fund (IMF) rescue package in and around the 2001 financial crisis. Governance practices were enforced by World Bank (WB) and were suppor...
متن کامل